As we got the announcement for the FED Interest Rate reduction, we saw Bitcoin and the crypto market react positively to the news and have been rallying. Ethereum right now is testing the yellow support zone as resistance which we previously had as support. Two scenarios are imminent 🔷 Ethereum breaks the resistance and confirms with a retest - we will see altcoins rally and ETH could head to $3,500 🔷 Ethereum gets rejected and continues lower - this will give us a lower buy in opportunity as well as more time to get into altcoins at the best price possible Either way we can be rest assured that we have at least until the US Elections before we could see the start of an unstoppable BULL RUN!

I am planning on having our first webinar soon where we can look at some of the updates in the crypto market as well answer any of the questions you may have while on your own journey of learning. It will be free but i would need at least 5 or more to start so please loet me know if you would be interested! ✅

The recent US Presidential Debate has shifted a bit of the sentiment towards Kamala Harris and i believe could possibly alter the course of the Bull Run 📈. For some context, Donald Trump has been making many remarks supporting cryptocurrency 🪙 and that if he gets elected, there would be support from US towards the development and utilization of cryptocurrency. He also stated that China 🇨🇳 has been adopting blockchain and that the US 🇺🇸 should not fall back in technological development. Looking at the technical analysis of BTCUSD, the chart is possible mapping out a diamond pattern. A diamond pattern is yet again SNR (Support and Resistance) lines that are drawn to form a diamond 💠. The technical targets are calculated using the highest and lowest points of the diamond pattern. Bullish Scenario : - breaks resistance with confirmation candle and volume - technical target : $79,000 ✅ Bearish Scenario : - breaks resistance with confirmation candle and volume - technical target : $37,800 ✅ The Presidential Elections and the Federal Rate Cuts will caused big movements in the market. The interest rate is presumed to be bearish news because of the delay and how it may lead us to a possible recession. Where else, the sentiment from the elections are yet to be confirmed.